Reserve Bank Australia 6 December 2022 Media Release 2022-41

At the Reserve Bank of Australia meeting on the 6th of December 2022, the Board decided to increase the cash rate target by 25 basis points to 3.10 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.00 per cent.

This .25 basis point increase is the eighth consecutive increase since May 2022, in which the Reserve Bank of Australia has increased the cash rate by 3%.

The Expatriate always tries to make sure all information is accurate. However, when reading our website, please always consider our Disclaimer policy.